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Announced

Ubimax to acquire ESSERT Digital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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robotics

Friendly

augmented reality

Electrical Components

Acquisition

Private

Pending

robotic workstations

Germany

Single Bidder

Synopsis

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Ubimax, the world market leader for integrated industrial augmented reality solutions, has acquired ESSERT Digital, Europe's leading company for augmented reality-based remote support solutions in after-sales services. Financial terms were not disclosed. ESSERT's offer complements the existing Ubimax portfolio, highly qualified employees strengthen the Ubimax team of more than 100 people and together serve more than 400 customers. The Ubstadt-Weiher location will remain in place and will bring Ubimax even closer to its numerous customers in the German-speaking region. “The sale of ESSERT Digital marks the end of a defining period for our company. The initial idea of developing a product to solve our own problems turned into a software solution backed by a competent team and over 200 trusting customers. However, in order to meet market and customer requirements in the long term, integration into a larger organization was the logical next step. The sale allows us to focus more strongly on our core robotics business requiring a lot of attention with high growth figures. I am especially pleased that Ubimax, one of the world's leading companies for wearable computing and augmented reality solutions, has acquired our business unit. This allows us to ensure the further development of the product as well as continuity for our employees, customers and the location”. Christopher Essert, ESSERT's CEO.

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